The rise in technology across the construction sector has seen a dramatic shift in the skill set of Costain’s workforce.
In its latest results today Costain revealed that 1,300 staff – one third of its head count – are now working in technology or consultancy roles.
That number is set to increase as hundreds more tech-savvy graduates and apprentices are being trained.
Chief executive Andrew Wyllie said: “We are operating in a dynamic and rapidly changing market environment.
“For example, the National Infrastructure Assessment published last month contemplates close to 100% adoption of electric new vehicle sales in the UK by 2030.
“These trends are causing urgent infrastructure needs and the solutions to address them are increasingly complex and technology enabled.
“This rapidly-changing environment is having a very material bearing on all market participants.
“It is creating a wide range of new opportunities for us as we look to deliver ever more innovative solutions to meet the challenges ahead.
“As an example, Connected and Autonomous Vehicles (CAVs) and their enabling infrastructure represent a growing market opportunity expected to be worth circa £11 billion per annum in the UK by 2030.
“The single biggest factor in our continuing success will be our ability to further embrace the revolution taking place in the use and deployment of technology.
“That is why we have been transforming Costain into the UK’s leading smart infrastructure solutions company, embedding technology across everything we do.
“We are aligning our business development activity with the changing spend patterns of our clients.
“As an example, Network Rail announced a 25% increase in spending to £47 billion in Control Period 6, commencing next year, but has also indicated that spending will be targeted towards asset enhancement and the ‘Digital Railway’ rather than large capital projects.
“This common client trend is having a direct impact on the nature and scope of contracts within our quality order book.”
Revenue for the six months to June was down 11.6% to £772.9m but underlying pre-tax profit increased to £21.4m from £18.3m
from Construction Enquirer http://www.constructionenquirer.com/2018/08/22/tech-savvy-workforce-key-to-costains-future/
via Tumblr http://ndbasilica.tumblr.com/post/177263346294
No comments:
Post a Comment